Postmates is giving GrubHub Seamless a run for its money

When GrubHub and Seamless merged last summer, the two titans of food delivery formed a Goliath intended (and expected) to squash the competition.

The merger of the two rivals also signaled just how lucrative the food delivery space was. Between the second quarter of last year and the first quarter of this year, restaurant and grocery delivery companies raised $486 million globally.

The firm analyzed iTunes App Store ranking data for five different recently-funded food delivery apps: DoorDash, Munchery, Sprig, Postmates and Spoonrocket, which together have raise nearly $100 million in funding, most of it in the first six months of this year.

And it found that the 2-year-old Postmates, which delivers food as well as on-demand goods, is catching up to GrubHub Seamless, trending “neck-and-neck” in iTune’s food and drink category. The four other apps also appear on their way up.

GrubHub Seamless is a publicly-traded company with a market capitalization of $2.6 billion and a decade on most of the other companies in the space. In other words, it’s a formidable opponent. But CB Insights’ data suggests it may not have won the market yet.